Banking & Finance
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90FIRS Begins Withholding Tax System
The Federal Inland Revenue Service (FIRS) has announced the commencement of the implementation of the withholding tax system. This is aimed at streamlining tax...
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89Banks Experienced Higher Defaults in Loans Given to SMEs, MSMES in Q4 2024 –CBN
The Central Bank of Nigeria (CBN) on Monday revealed that deposit money banks (DMBs) experienced a significant rise in loan defaults from Small...
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85CBN Extends $25,000 Weekly Forex Sales to BDCs
The Central Bank of Nigeria has extended the temporary access granted to Bureau de Change operators for purchasing foreign exchange from the...
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81FG to Introduce New Loan Initiative for SMEs
The federal government has unveiled plans to introduce a new initiative with the aim of making access to credit facility easier for...
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59Nigeria Will Reduce External Borrowing, Edun Tells World Bank
The Federal Government has informed the World Bank of its desire to reduce Nigeria’s dependence on external debt financing. This is part...
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22Mobile Money Operators Processed ₦71.5tr Transactions in 2024 –NIBSS
Nigeria’s mobile money sector experienced expansion in 2024, with licensed operators, processing transactions worth N71.5 trillion between January and December. This represents...
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77
BDCs ask CBN to Review Capital Requirement for Operators
The Association of Bureaux De Change Operators of Nigeria (ABCON), at the weekend, called on the Central Bank of Nigeria (CBN) to review...
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114Naira Strengthens Further Against Dollar at Official Market
The naira continued its upward trajectory at the official foreign exchange market on Thursday, January 30, 2025, appreciating to N1,485.95 per US...
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60
FIRS Targets ₦25tr 2025 Revenue, Collected ₦21.6tr Last Year
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has revealed that the service surpassed its revenue target in...
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144
Outstanding $7bn FX cleared, says Cardoso
Governor of the Central Bank of Nigeria, Olayemi Cardoso, announced on Wednesday that the Federal Government has cleared the outstanding $7bn foreign...
